SunRice congratulated on exceptional results
27 Jun 2014 1:43 PM -
The Ricegrowers’ Association of Australia (RGA) has congratulated SunRice on another strong performance in 2013/14.
RGA President, Les Gordon, said the achievements of the grower owned company was an integral part of the success of the vertically integrated rice industry with the benefits flowing back to growers and into our regional communities.
“Over $340 million in paddy payments will be received by growers from the C13 crop with the majority of this money reinvested into local businesses and industry,” Mr Gordon said.
“Growers recognise the C13 crop presented a number of significant challenges in milling, and, combined with a complex operating environment, makes this year’s financial performance all the more impressive.”
Mr Gordon also welcomed the significant investment SunRice has made in a number of infrastructure projects at their milling sites over the last year.
“The decision to spend $32 million upgrading milling equipment and expanding value-adding facilities cannot be understated,” Mr Gordon said.
“SunRice are spending $8.5 million to build a new steaming and retort facility in Leeton which will bring enormous benefits to both the business and the community.”
“At a time where most food processors are reducing their presence in Australia and off-shoring services, this Australian owned company has taken the decision to expand their operations on-shore. This decision demonstrates the confidence SunRice has in the future of the rice industry and creates valuable employment opportunities in our regional communities,” Mr Gordon concluded.
Download the media release here.